FRN Variable Rate Fix
December 18 2006 - 7:57AM
UK Regulatory
Southern Pacific Securities 05-1 plc
As Agent Bank, please be advised of the following rate determined on: 11-Dec-2006
Issue : Southern Pacific Securities 05-1 plc - Class A2c
GBP 230,850,000.00 Mortgage Backed FRN Due 10 Jun 2043
ISIN Number : XS0212691314
Common Code/ : XS0212691405
144A ISIN
Issue Nomin GBP : 230,850,000.00
Period : 11-Dec-2006 to 12-Mar-2007 Payment Date 12-Mar-2007
Number of Days : 91
Rate : 5.43375 Pool Factor: 0.96352
Denomination GBP : 48,176.00
Amount Payable
per Denomination : 652.65
JPMorgan Chase Bank
Rate Fix Desk Telephone 44 (0) 1202 32 8226
Institutional Trust Services Facsimille 44 (0) 1202 34 7939
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